British prosecutors on Tuesday accused former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, of enjoying a “life of luxury” funded…
Browsing: OPEC
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has appeared before the Southwark Crown Court in London, United Kingdom, for the…
Using LPG directly emits half the greenhouse gas (GHG) emissions, on average, compared to the traditional use of biomass. LPG…
Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, adding to fears of oversupply of crude.
The production of petrol at the Dangote Refinery is reshaping global trade flows, with significant effects on the European market,…
Nigeria must enhance its crude oil production capacity and effectively manage supply to ensure adequate feedstock for domestic refineries, in…
OPEC identified the Dangote Refinery as one of the key players poised to challenge traditional suppliers in Europe. The report underscores how the refinery’s increasing output, coupled with robust flows from the Middle East and new supplies from Mexico’s Olmeca refinery, could reshape the dynamics of the European oil market in the mid-term.
Growth rate of Nigeria and other West African countries is predicted to rise from an estimated 3.6 per cent in…
The Brent crude oil, on Thursday, reached its global highest price of $94 per barrel in the year running of 2023. Tight supply conditions are seen as reasons for the surge.
ASHENEWS reports that the Organization of Petroleum Producing Countries (OPEC) says crude oil output production increased mainly in the Islamic Republic of Iran, Nigeria and Iraq.